Dax currently: Dax closes in the red after a new record - Fresenius rises by five percent
The positive effects are strengthening on the German stock market. The dynamic increase since mid-July resulted in profit-taking on Wednesday.
Düsseldorf – The optimism on the German stock market continues as the Dax index reached a new record high for the third consecutive day on Wednesday, closing at 26,403.81 points. Despite this strong performance, the Dax finished the trading day at 26,126 points, showing no change. Since July 20, the Dax has only had one losing trading day, a 1500-point increase (more than 6%) in this period.
Analysts suggest that investors are capitalizing on the market's rally for now. Robomarkets' Martin Utschneider notes that the market is pricing in a positive causal chain, while QC Markets' Thomas Altmann believes the record-breaking pursuit will continue for now. The eagerly awaited opening of the Hormuz Strait could lead to further declines in oil and gas prices, which would have far-reaching effects, such as lower energy costs to ease inflation expectations and put downward pressure on long-term interest rates.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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